Economics

Bank of Israel's Stanley Fischer tipped for IMF return

By Jennifer Lipman, May 31, 2011

The Governor of the Bank of Israel has not ruled himself out of the running to replace Dominique Strauss-Kahn at the International Monetary Fund.

French Finance Minister Christine Lagarde is widely seen as the frontrunner for the role. But Israel's Stanley Fischer has also been tipped as a possibility.

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Jersey boys push right buttons in Israel

By Jenni Frazer, May 26, 2011

A new link between Jersey and Israel was forged this week with a groundbreaking visit by 30 of the island's politicians and business leaders.

Economics Minister, Senator Alan Maclean and Assistant Chief Minister Senator Freddie Cohen, led the delegation, the first of its kind, under the auspices of UK Israel Business, a new group encompassing British and Israeli chambers of commerce.

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On this day: Karl Marx dies

By Jennifer Lipman, March 9, 2011

Perhaps the most famous thinker of all time, Karl Marx died in 1883 at the age of 64. The father of communism, the man whose theories of work, class struggle and alienation transformed the world in the 20th century and continue to appeal to many today, was buried in his adopted home of Highgate.

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Jaeger boss Harold Tillman buys Aquascutum‎

By Jessica Elgot, September 8, 2009

Fashion businessman, Harold Tillman, chairman of Jaeger, has bought luxury British brand Aquascutum from its Japanese owners.

The fashion label now returns to British hands after it was bought from Japanese company Renown Incorporated.

Mr Tillman will own the label with business partner and Jaeger CEO Belinda Cole.

Aquascutum will be managed alongside Jaeger, which the partners expect will now have a combined worth of £300m.

Aquascutum holds three Royal Warrants – awarded in 1897, 1911 and 1947.

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Ex-trustee turns on Friends of Hebrew U

By Simon Rocker, May 29, 2008

A disaffected former trustee of the British Friends of the Hebrew University is calling for the Charity Commission to investigate its handling of millions of pounds worth of donor funds.

Geoffrey Simmonds, who resigned three years ago amid disagreements over the way the Friends was run, claims that the charity has been deducting money for management costs which should be going directly to the Jerusalem-based university.

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Save money on electricity

By Martin Lewis, May 29, 2008

Energy prices are predicted to rise 15 to 45 per cent by the end of this year. This is a staggering increase on top of the 60 per cent we have already faced over the past three years, and could add around £200 your average bill. The rises are likely to come in two bursts: one in late summer, the other at the end of the year. So, your best bet is to get a fixed-rate energy tariff, where the rate you pay per unit of gas and electricity is fixed for two to three years.

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Bethlehem opens up for business

By Ben Lynfield, May 22, 2008

Economic hopes were boosted by this week’s Palestine Investment Conference

The Palestinian Authority this week attempted to defy sceptics by presenting the West Bank as a land of business opportunity during a three-day investment conference in Bethlehem aimed at giving an international boost to the moribund economy.

“You don’t have to be crazy” to invest in the Palestinian private sector, said Mohammed Shtayyeh, director of the Palestinian Economic Council for
Development and Reconstruction.

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Let’s help the Palestinian economy to grow

By Douglas Alexander, May 22, 2008

This week’s Palestine Investment Conference can change the face of the region

The path to peace in the Middle East is as rocky as it is long. Progress has been arduous, sometimes non-existent, and it is not surprising that at times hope has fallen by the wayside.

Today, once again, we are at a fork in the road. One route leads to continued conflict, the other potentially to lasting peace. For everyone in the region, that would be a great prize. After decades of bloodshed and hatred, there is a chance of a brighter future.

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Maccabiah entry fees spiral

By Simon Griver, May 16, 2008

Participants in next year’s 18th Maccabiah Games will be forced to meet the costs of the event’s spiralling budget resulting from the strength of the shekel and the weakness of the dollar.

Meeting in Ramat Gan last weekend, the Presidents Forum of the World Maccabi Union decided to increase participants fees by $350 to $2,930. UK athletes will have to pay the sterling equivalent. Participants are also certain to be hit by rising fuel costs, given that the fee includes hotels and transportation in Israel but not air fares.

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Ros Altmann offers advice to younger people as the pensions crisis deepens

By Candice Krieger, May 16, 2008

As employers continue to cut back on private pension schemes, former Downing Street adviser Ros Altmann is warning that younger people are particularly at risk of facing an impoverished retirement.


The number of firms that are either shutting or reducing their contribution to schemes — which pay a percentage of a worker’s earnings on retirement — has soared to its highest since records began, due to increasing costs.

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